老師 能否解釋一下R17課后題第2題，尤其答案解釋里的growth proxy，price momentum proxy是說啥，在原文中哪里體現(xiàn)了？ 還有第11題關于factor based back- testing，為什么是看current factor score和future return？
老師，請問為什么Short positions might reduce the market return premium ？
老師，請問密卷這道題答案解析，為什么forward EPS屬于Growth strategy ？另外，為什么GARP會用到forward EPS？
Q36: 這個和老師在課上說的方法不一樣，算出來也不一樣。講義125頁
從哪里看出是discretionary
risk efficient優(yōu)先考慮哪幾個指標？marchvolatility很高這個不能說明問題嗎？也是risk很高吧
請老師講一下本題
為什么greater disperaion就有active risk
表中三列數(shù)字分別表示什么意思，沒看懂
第一句話最后一部分也是錯的吧？foundation不是tax exempt？
官網(wǎng)題46題請講一下
securities lending，分紅還是原來持有者享受，但是原來的持有者就沒有voting rights？
官網(wǎng)題45題講一下
請問為什么判斷index closet的標準，是表1中的前三個指標都要小？只看active risk小行嗎？
Q33: 書中18章exhibit 3 那張表的解釋了里提到alive cap tilt。請問為什么是large cap tilt? In Exhibit 3, we show the sources of performance of each product in terms of its exposure to each of the four factors and its respective alpha. In all cases, the Market factor is the dominant source of performance. The Value and Momentum factors did contribute positively to performance for the Russell 1000 Value, but much of this performance was lost because of the large-cap tilt and the negative alpha. The value fund did get a significant performance boost from the Value tilt, but much of it was lost to the very poor alpha in this period.” Excerpt From 2022 CFA Program Level III Volume 3 Fixed Income and Equity Portfolio Management CFA Institute This material may be protected by copyright.
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